Vision Scalper EA – Pros, Cons and Results
Finding a consistently profitable forex scalping system can feel impossible for struggling traders. Vision Scalper EA by DynoBars promises to be one such automated scalping solution. But does it deliver as advertised?
In this unbiased Vision Scalper review, I’ll scrutinize the features, purported win rate, user experiences, costs and results to determine if this EA can provide a scalping edge or not.
Overview – What is Vision Scalper EA?
Vision Scalper EA is an automated trading robot designed to scalp the forex markets automatically. It runs in MetaTrader 4, scanning currency pairs rapidly for micro scalping opportunities based on its programmed logic and algorithms.
The EA aims to determine optimal entry and exit points for small scalps based on volatility, momentum, and technical indicator analysis. It promises a hands-free automated scalping solution even for beginner traders. But does the reality align with the promises? Let’s dive in.
How Vision Scalper EA Works
According to the developer DynoBars, Vision Scalper EA incorporates indicators like the MACD, RSI and Bollinger Bands in its algorithms to detect oversold/overbought levels signaling reversal scalps.
It aims to enter trades in the direction of the reversal right at pivot points and exit within seconds/minutes for quick small profits per scalp trade. The newest 2022 release claims added machine learning for more adaptive entries, exits and stops.
In addition, extensive backtesting aims to optimize parameters like take profit, stop loss, indicators values etc for maximum performance. But do these translate successfully to live trading?
Reviewing Vision Scalper’s Win Rate Claims
The main sales pitch of Vision Scalper EA centers on its purported win rate of up to 85%. However, my extensive research uncovers inconsistencies:
- No concrete proof of live accounts achieving 85%+ win rate long term
- No statistics on largest historical drawdowns or consecutive losses
- Potential conflict as vendor has financial incentive in accuracy claims
Without undisputed evidence from verified trading statements, the lofty win rate assertions seem questionable currently. These accuracy promises warrant heavy skepticism without proof.
User Reviews and Ratings for Vision Scalper
Looking at unbiased user reviews offers more impartial insights into experiences with Vision Scalper. However, very few public reviews exist, with most found on the vendor’s site appearing suspiciously positive.
Searching through forex review sites, a few users report erratic results, difficulty optimizing the EA, and the need for ongoing tweaking. This casts doubt on purported ease of use and reliability. Much more neutral feedback would be needed to judge performance accurately.
Vision Scalper Pricing
Vision Scalper EA pricing consists of a one-time fee of $199 for unlimited use on one live account plus free upgrades, or a $59 monthly subscription.
These costs seem reasonably in line with competitors on the market. But without proof of consistent profitability, the value proposition is questionable.
Can Vision Scalper Really Automate Scalping Success?
While Vision Scalper EA aims to provide traders, especially beginners, with an easy route to automated scalping profits, some concerns exist:
- Lack of transparency into origins of 85%+ win rate accuracy claim
- Scarce documented evidence of users achieving stated accuracy in live trading
- Risks inherent in over-reliance on automated trading even with ideal settings
For new traders, studying scalping strategies, paper trading for practice, and implementing robust risk management remains essential in my view despite promises of quick profits. There are no shortcuts.
Key Disadvantages and Downsides
In addition to bold accuracy claims needing validation, a few other potential disadvantages:
- Scalping trades very short duration, requiring monitoring
- Hidden fees from recommended brokers can take from profits
- Ongoing optimizations needed reduces “set and forget” appeal
- Technology failures can disrupt automated trading
No EA is perfect or foolproof. Caution and manual oversight is still required according to user reviews.
Instead check our best FX Robot: Forex CLEVRFX Expert Advisor
The Bottom Line on Vision Scalper EA
Vision Scalper EA clearly aims to provide an edge to forex traders seeking automated scalping profits based on the vendor’s experience. However, the lack of ability to independently verify the bold accuracy and win rate claims Makes trusting profit promises difficult as of now.
Without further documentation, I cannot comfortably recommend Vision Scalper EA as a wise investment compared to alternatives with statistically verified track records over time demonstrating profitability.
Of course, if future results validation does emerge along with more impartial user reviews, my assessment could change. But as of now, too many open questions exist suggesting a cautious approach is wise.